People also ask
Why is there a gas shortage?
Why is there a gas shortage? Because of the alleged cyber-attack. A Department of Transportation agency posted a regional emergency declaration for 18 states and Washington, DC, in response to the unanticipated shutdown of the Colonial pipeline system.
Will the shutdown of the Colonial Pipeline cause a gas shortage?
[A] cyberattack that forced the shutdown of a major U.S. pipeline could cause gas shortages in certain areas, reports say, and could push average gas prices well above $3 a gallon 鈥?The pipeline operator, Colonial Pipeline, said in a statement late Friday [May 7 2021] it had halted systems for 5,500 miles of pipeline following the attack.
Will cyberattack on US Pipeline cause gas shortage and price spikes?
A May 10 2021 Associated Press article (鈥淲ill cyberattack on US pipeline cause a gas shortage and price spikes?鈥? explained that Colonial Pipeline disclosed a ransomware attack on May 7 2021, and that the company subsequently suspended operations:
Why is natural gas so expensive in 2021?
A prolonged cold winter over 2020-2021 that drained natural gas storage raised concerns about supplies. Though storage would usually be refilled during summer months when demand is slow, it has not happened at its normal pace in 2021. Lowar solar and wind output is another factor in the price hike.